Chilli Padi
2022-10-23

$NVIDIA Corp(NVDA)$

As we know Nvidia has dropped 57% YTD.

My worst performing stock in 2022 is tipped to stage a comeback. I couldn't agree more as Nvdia is the leader in high end chips market. Betting On Nvidia is like doing the same to technology.  Its market focus include data centres, cloud, AI, automotive & autonomous driving, robots, drones, supercomputing, graphics, among others. For that I know Nvidia is well positioned to recover despite its recent earnings misses by a wide margin. The industry as a whole has underperformed the market & Nvidia is no exception.

I still have faith in Nividia who used to be one of the the forerunners in the chips sector that has now been badly beaten by the market mainly due to inflationary factors, supplies chain disruptions & Biden's policy that restrict sales of high performing chips to China (although exemptions have been currently given for manufacture of its chip in China).

For now I'm taking a LT horizon on Nvidia.

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Comments

  • BaronLyly
    2022-10-24
    BaronLyly
    Looks good after breaking that downtrend resistance line and crossing above $121. As long as it is above $121, it will target $127.4. Above $127.4, we will see $132.
  • CrystalRose
    2022-10-24
    CrystalRose
    valuations are starting to look attractive for chip stocks, which implies that a bottom could be getting closer.
  • ChristKitto
    2022-10-24
    ChristKitto
    I think Nvidia will surpass expectations for the next two quarters. It did touch 110 the other day 🤣 Now a better time to buy for a rebound
  • DonnaMay
    2022-10-25
    DonnaMay
    I'm also bullish on NVDA, which I believe will surprise us next year,
  • Maria_yy
    2022-10-25
    Maria_yy
    Don't be too optimistic, after all, the consumer electronics industry is in the winter.
  • Snakewood
    2022-10-24
    Snakewood
    😭😭🤦‍♂️🤦‍♂️🤞🤞🙏🙏🙏
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